Housing costs in Lexington-Fayette?
A typical home costs
$300,100, which is 11.2% less expensive than the national average of
$338,100 and 54.5% more expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Lexington-Fayette costs
$1,230 per month, which is 33.7% more than the national average of
$920 and 16.3% more than the state average of
$1,030.
Can I afford Lexington-Fayette?
To live comfortably in Lexington-Fayette (zip 40515), Kentucky, a minimum annual income of
$57,600 for a family, and
$40,800 for a single person is recommended.
What does A.I. say about Lexington-Fayette?
The cost of living in 40515 Lexington-Fayette, KY is higher than many other areas around the country. The overall cost of living index for this zip code is 102.3, which is two points above the national average and significantly higher than smaller cities and towns in the area. While it may be slightly more expensive to live here, residents have access to a wide range of amenities that make up for the slightly higher costs. Property taxes are lower than the national average, providing relief on larger purchases like housing, while local businesses tend to offer competitive prices on groceries and other essential items. Overall, despite its slightly higher price tag, 40515 Lexington-Fayette remains an affordable place to live with plenty of options available for residents.